Teachers Retirement System of The State of Kentucky Has $11.64 Million Position in Las Vegas Sands Corp. (NYSE:LVS)

Teachers Retirement System of The State of Kentucky boosted its holdings in Las Vegas Sands Corp. (NYSE:LVSGet Rating) by 1,072.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 299,485 shares of the casino operator’s stock after purchasing an additional 273,935 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Las Vegas Sands were worth $11,641,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Las Vegas Sands by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 35,537,902 shares of the casino operator’s stock worth $1,381,358,000 after acquiring an additional 519,620 shares during the last quarter. Capital World Investors boosted its holdings in Las Vegas Sands by 74.1% during the 4th quarter. Capital World Investors now owns 34,255,198 shares of the casino operator’s stock worth $1,289,366,000 after acquiring an additional 14,576,547 shares during the last quarter. BlackRock Inc. boosted its holdings in Las Vegas Sands by 6.0% during the 1st quarter. BlackRock Inc. now owns 21,087,879 shares of the casino operator’s stock worth $819,685,000 after acquiring an additional 1,184,555 shares during the last quarter. State Street Corp boosted its holdings in Las Vegas Sands by 2.9% during the 1st quarter. State Street Corp now owns 13,898,679 shares of the casino operator’s stock worth $540,242,000 after acquiring an additional 394,616 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in Las Vegas Sands by 33.1% during the 1st quarter. Invesco Ltd. now owns 11,585,224 shares of the casino operator’s stock worth $450,316,000 after acquiring an additional 2,883,573 shares during the last quarter. Institutional investors and hedge funds own 39.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on LVS. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Las Vegas Sands from $53.00 to $50.00 in a report on Tuesday, July 19th. Wells Fargo & Company raised shares of Las Vegas Sands from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $43.00 to $45.00 in a report on Thursday, July 21st. JPMorgan Chase & Co. boosted their price target on shares of Las Vegas Sands from $42.00 to $44.00 in a report on Thursday, July 21st. UBS Group set a $42.00 price target on shares of Las Vegas Sands in a report on Monday, June 20th. Finally, Citigroup boosted their price target on shares of Las Vegas Sands from $56.00 to $58.00 and gave the stock a “buy” rating in a report on Thursday, July 21st. Two research analysts have rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $48.38.

Las Vegas Sands Trading Down 2.6 %

Shares of Las Vegas Sands stock opened at $38.64 on Friday. Las Vegas Sands Corp. has a 52-week low of $28.88 and a 52-week high of $48.27. The stock’s 50-day simple moving average is $37.22 and its 200 day simple moving average is $36.17. The stock has a market capitalization of $29.53 billion, a P/E ratio of 16.71 and a beta of 1.23. The company has a debt-to-equity ratio of 3.63, a quick ratio of 3.33 and a current ratio of 3.35.

Las Vegas Sands (NYSE:LVSGet Rating) last announced its quarterly earnings results on Wednesday, July 20th. The casino operator reported ($0.34) earnings per share for the quarter, missing the consensus estimate of ($0.29) by ($0.05). Las Vegas Sands had a net margin of 45.39% and a negative return on equity of 31.93%. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $949.40 million. During the same quarter in the prior year, the company earned ($0.26) earnings per share. The company’s quarterly revenue was down 10.9% on a year-over-year basis. As a group, research analysts anticipate that Las Vegas Sands Corp. will post -1.1 EPS for the current year.

Las Vegas Sands Company Profile

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Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States. It owns and operates The Venetian Macao Resort Hotel, the Londoner Macao, The Parisian Macao, The Plaza Macao and Four Seasons Hotel Macao, Cotai Strip, and the Sands Macao in Macao, the People's Republic of China; and Marina Bay Sands in Singapore.

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Institutional Ownership by Quarter for Las Vegas Sands (NYSE:LVS)

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